iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,428 Blog Posts

Redstone Isn’t Senile; Money Grubbers Descend

I once had a dear client who got old, a little incapacitated, and then his children descended upon his estate like fucking vultures. It was a disgusting display of greed. The thing about my client, a man of honor and business in his community, is that he never cared about money. He lived in a small house near his factory, while his bratty kids lived in the McMansions by the golf course. I guess I admire that quality from afar, since I’m guilty of a 6 bedroom dwelling and multiple foreign cars, some might consider luxury.

Nevertheless, when I get old and insane(r), I promise you that my funds will be tucked away in my foundation of the production and facilitation of Orbital Space Cannons (OSC), designed for offensive purposes only.

Enter Sumner Redstone, boss at CBS.

California Superior Court Judge Clifford Klein on Monday said that he didn’t think the case was urgent simply because Redstone is 92 years old. Klein said the request by Pierce O’Donnell, a lawyer for Manuela Herzer, to take a videotaped deposition of Redstone was premature until the case has survived the request to dismiss it.

Redstone, the Viacom Inc. founder and chairman who controls that company and CBS Corp., kicked Herzer out of his Beverly Hills home last month and removed her as his decision maker on his advance health care directive should he become unable to make his own decisions. Herzer sued him last week seeking a court ruling that Redstone is mentally incapacitated and reinstating her as his proxy.

“We are pleased the court today expressly rejected Ms. Herzer’s claims of
urgency and granted our request to stay discovery pending next year’s hearing
on our motion to dismiss,” Gabrielle Vidal, Redstone’s lawyer, said in a statement after the hearing in Los Angeles.
Klein tentatively scheduled a hearing for Jan. 27 on Redstone’s request to dismiss the case.

Redstone argues Herzer’s suit should be tossed based on a provision of California probate law that says the petition can be thrown out if it isn’t reasonably needed to protect the patient.

Petition ‘Farce’
Redstone’s lawyers said in a court filing that Herzer’s petition is a “farce” and that she’s merely concerned about being removed from his will.
Herzer, who’s been Redstone’s friend for almost 20 years and says she was told to leave his home on Oct. 12 without being allowed to talk to him, claims he had been manipulated to turn against her, according to court filings.

Just in time for the holiday season, yes? My knee jerk reaction was “oh this girlfriend is just trying to muscle her way into his billions.” But she’s been dealing with his shit for 20 years. Then I got to thinking “it must be his fucking ridiculous children, who were raised like champagne cavemen who had designs on his fortune.”

Either way, whether someone is out for old Redstone’s dough or not, I find it to be all too common, and reprehensible, that family members treat their patriarchs and matriarchs like departing money bags, each and all jumping in the air for a few million to keep the dream and hope of wanton “success” and luxurious living alive.

How about you fuckheads go out and make your own money?

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10 comments

  1. vandamme

    You know who is live streaming again lol

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  2. halfbloodpope

    As a lover of all things Home Depot, I do find Arthur Blank’s philanthropic love child, in the form of the world’s largest aquarium, to be one of the most creative.

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  3. helicopter ben

    Fly, spending money is good for the economy but bad for personal security. The reason people save their billions is because they never want the next 10 generations to be poor and it creates the asshole kids you mentioned. If the man donated most of his money before he died then his kids would have to work and they would be less entitled. I would say put off helping your kids until they have kids of their own so that they can truly appreciate hard work like you did in your early years.

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    • boyaj

      Ben, the best way to ensure that your wealth is protected and still leave a little for your kids (but still not make them spoiled and ungrateful) is a trust. You can really put any directive you want in a trust, as long as it is reasonable. Your kids and their kids etc. will be incentivized to work for themselves, but there is still protection of the wealth for future generations.

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  4. frog

    If this isn’t the best argument for a 100% estate tax for all estate assets beyond 5 million dollars, I don’t know what is.

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    • helicopter ben

      The only people who could spend the money worse than the benefactors are the government bureaucrats.

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      • ironbird

        Frog is a communist retard that spews regurgitated puke from his masters. Never an original thought. Ignorance on a level unmatched in these hallowed halls.

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      • dawg

        ++1

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  5. only

    My wife’s family got written out of a will. The hospice nurse got everything.

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  6. inception

    “He is infatuated with sex and eating steaks” haha #savage

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